Editor’s Note
This article reports the price of silver per kilogram in major Indian cities as of February 13, 2026, noting a significant decline of over 3% from the previous close.
As of February 13, 2026, 11:35 PM, the price of silver per kilogram in major Indian cities like Delhi, Mumbai, Kolkata, Hyderabad, and Chennai is ₹243,715. This represents a change of -₹7,280 (-3.08%) from the previous close of ₹236,435.
– **Contract:** MCX Silver (Expiry: Mar 05, 2026)
– **Open:** ₹239,626.0
– **Volume:** 10,097
– **Average Price:** ₹243,638.0
– **Open Interest (Contracts):** 5,883
– **Change in Open Interest:** 0
– **Best Buy Price (₹/Qty):** 243,506
– **Best Sell Price (₹/Qty):** 243,812
– **Unit:** Kilogram
– **Lot Size:** 30
– **Tick Size:** 100
– **Spot Price:** ₹90,951
If you are considering buying silver coins, bars, or jewelry, it is crucial to look beyond just the daily price. Key factors to consider include:
– **Purity:** The purity of the silver.
– **Seller Authenticity:** The credibility of the seller.
– **Weight Standards:** The criteria used to determine weight.
Silver is an attractive investment for many due to its affordability and potential for price appreciation. Jewelry usage also provides some price stability. However, investing in silver carries risks, making attention to purity, weight, and certification essential.
Compared to gold, silver is more affordable and is viewed as a good investment option. It is also used for gifting on special occasions. Silver is easily available in coins and bars, ranging from 10 grams to 1 kilogram in weight. It is also used in manufacturing electronic and scientific equipment.
The international price of silver depends on several factors, including inflation-related reasons, fluctuations in the US dollar, and downturns in the global market. Before investing, it is advisable to check the current market price and compare it with previous days’ prices.
While outright fraud regarding silver prices is less common, buyers must be cautious. To verify purity, use a magnet. If the silver sticks to the magnet, it is likely adulterated or fake.
– **Pure Silver (999.9):** Rated 9999, meaning 99.99% pure. Used in coins and medical/scientific equipment. Marketed as fine silver, it contains only 0.1% of other metals like copper, lead, or iron.
– **999 Silver:** More malleable, suitable for making jewelry. 999 silver coins and bars are easily available from banks or jewelers.
The Bureau of Indian Standards (BIS) hallmark license helps verify silver purity, ensuring trust between buyer and seller. The price of silver jewelry is based on the daily silver rate plus making charges.
Silver investment offers several options, each with its own advantages and considerations.
1. **Physical Silver:**
– **Silver Coins:** Can be purchased from reputable coin dealers or mints (e.g., American Silver Eagles, Canadian Maple Leafs, generic rounds). Popular with collectors and investors.
– **Silver Bars:** Come in various sizes, from small ounce bars to large multi-kilogram bars. Typically have a lower premium over spot price compared to coins.
– **Silver Bullion:** Involves buying silver in bulk, often in bars or ingots. Valued primarily for its metal content, not collectible value.
2. **Silver Exchange-Traded Funds (ETFs):** Funds like iShares Silver Trust (SLV) and Aberdeen Standard Physical Silver Shares ETF (SIVR) allow investment without holding physical metal. They hold physical silver and issue tradable shares.
3. **Silver Futures Contracts:** Derivatives traded on commodity exchanges like COMEX (USA), allowing speculation on future silver prices without owning the metal.
4. **Silver Stocks:** Involves buying shares of publicly traded silver mining companies. Performance is affected by silver prices, company management, exploration success, and operational efficiency.
5. **Silver Mutual Funds and Exchange-Traded Notes (ETNs):** Funds focused on precious metals may include silver in their portfolios, offering diversification and professional management.
6. **Numismatic Coins:** Collectible coins with historical or rare value beyond metal content. Often more suitable for collectors than pure silver investors.
7. **Silver Jewelry:** While an investment, its value includes significant making charges and design costs.